---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-017403"
form_type: "8-K"
ticker: "FMFG"
cik: "0001698022"
company_name: "Farmers & Merchants Bancshares, Inc."
filed_at: "2022-07-20T23:59:59+00:00"
generated_at: "2026-06-24T11:22:40.276599+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Farmers and Merchants Bancshares reports net income of $4.1M for H1 2022, or $1.35 per share

## Summary
- Net income for six months ended June 30, 2022 was $4,101,535, or $1.35 per share, compared to $4,061,794 in same period 2021
- Net interest income increased $620,298 due to $29.0M growth in average interest-earning assets to $679.3M
- No provision for loan losses for six months versus $100,000 in prior year period
- Book value per share decreased to $15.78 from $18.64 due to decline in AFS investment portfolio market value from rising interest rates

## SEC filing metadata
- accession: 0001437749-22-017403
- form_type: 8-K
- ticker: FMFG
- cik: 0001698022
- company_name: Farmers & Merchants Bancshares, Inc.
- filed_at: 2022-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698022/000143774922017403/0001437749-22-017403-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698022/000143774922017403/fmfg20220718_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-017403
- JSON: https://secwatch.observer/filing/0001437749-22-017403.json
- Plain text: https://secwatch.observer/filing/0001437749-22-017403.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.